Exhibit (e)(12)
This form must be completed, signed and left with the applicant.
Limited Temporary Life Insurance Agreement (Agreement)
THIS AGREEMENT PROVIDES A LIMITED AMOUNT OF LIFE INSURANCE COVERAGE FOR A
LIMITED PERIOD OF TIME, SUBJECT TO THE TERMS AND CONDITIONS SET FORTH BELOW.
SUCH INSURANCE IS NOT AVAILABLE FOR ANY RIDERS OR ACCIDENT AND/OR HEALTH
INSURANCE. PLEASE FOLLOW STEPS 1 - 4.
1. Check appropriate Company:
[ ] American General Life [ ] The United States Life Insurance Company [ ] AIG Life Insurance
Insurance Company, in the City of New York, Company,
Houston, TX New York, NY Wilmington, DE
In this Agreement, "Company" refers to the insurance company whose name is
checked above, which is responsible for the obligation and payment of
benefits under any policy that it may issue. No other company shown is
responsible for such obligations or payments. In this Agreement, "Policy"
refers to the Policy or Certificate applied for in the application. In this
Agreement, "Proposed Insured(s)" refers to the Primary Proposed Insured
under the life policy and the Other Proposed Insured under a joint life or
survivorship policy, if applicable.
2. Complete the following: (please print)
Primary Proposed Insured
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Other Proposed Insured
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(applicable only for a joint life or survivorship policy)
Owner (if other than Primary Proposed Insured)
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Modal Premium Amount Received
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Date of Policy Application
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3. Answer the following questions:
Yes No
a. Has any Proposed Insured ever had a heart attack, stroke, cancer,
diabetes or disorder of the immune system, or during the last two
years been confined in a hospital or other health care facility or
been advised to have any diagnostic test or surgery not yet performed? [ ] [ ]
b. Is any Proposed Insured age 71 or above? [ ] [ ]
STOP If the correct answer to any question above is YES, or any question is
answered falsely or left blank, coverage is not available under this
Agreement and it is void. This form should not be completed and
premium may not be collected. Any collection of premium will not
activate coverage under this Agreement.
TERMS AND CONDITIONS OF COVERAGE UNDER THIS AGREEMENT
A. Eligibility for Coverage: If the correct answer is YES to any of the
questions listed above, temporary insurance is NOT available and this
Agreement is void.
Agents do not have authority to waive these requirements or to collect
premium by any means including cash, check, bank draft authorization,
credit card authorization, salary savings, government allotment, payroll
deduction or any other monetary instrument if any Proposed Insured is
ineligible for coverage under this Agreement.
B. When Coverage Will Begin:
COVERAGE WILL BEGIN WHEN ALL OF THE FOLLOWING CONDITIONS HAVE BEEN MET:
. Part A of the application must be completed, signed and dated; and
. The first modal premium must be paid; and
. Part B of the application must be completed, signed and dated and all
medical exam requirements satisfied.
AGLC101431-2006 Page 1 of 2
Coverage under this Agreement will not exist until all of the conditions listed
above have been met.
The first modal premium will be considered paid, if one of the following
valid items is submitted with Part A of the application and that payment is
honored: (i) a check in the amount of the first modal premium; (ii) a
completed and signed Automatic Bank Draft Agreement; (iii) a completed and
signed Credit Card Authorization form; (iv) a completed and signed salary
savings authorization; (v) a completed and signed government allotment
authorization; (vi) a completed and signed payroll deduction authorization.
Temporary life insurance under this Agreement will not begin if any form of
payment submitted is not honored. All premium payments must be made payable
to the Company checked above. Do not leave payee blank or make payable to
the agent. The prepayment for this temporary insurance will be applied to
the first premium due if the policy is issued, or refunded if the Company
declines the application or if the policy is not accepted by the Owner.
C. When Coverage Will End:
COVERAGE UNDER THIS AGREEMENT WILL END at 12:01 A.M. ON THE EARLIEST OF THE
FOLLOWING DATES:
. The date the policy is delivered to the Owner or his/her agent and all
amendments and delivery requirements have been completed;
. The date the Company mails or otherwise provides notice to the Owner
or his/her agent that it was unable to approve the requested coverage
at the premium amount quoted and a counter offer is made by the
Company;
. The date the Company mails or otherwise provides notice to the Owner
or his/her agent that it has declined or cancelled the application;
. The date the Company mails or otherwise provides notice to the Owner
or his/her agent that the application will not be considered on a
prepaid basis;
. The date the Company mails or otherwise provides a premium refund to
the Owner or his/her agent; or
. 60 calendar days from the date coverage begins under this Agreement.
D. The Company will pay the death benefit amount described below to the
beneficiary named in the application if:
. The Company receives due proof of death that the Primary Proposed
Insured (and the Other Proposed Insured if the application was for a
joint life or survivorship policy) died, while the coverage under this
Agreement was in effect, except due to suicide; and
. All eligibility requirements and conditions for coverage under this
Agreement have been met.
The total death benefit amount pursuant to this Agreement and any other
limited temporary life insurance agreements covering the Primary Proposed
Insured (and the Other Proposed Insured if the application was for a joint
life or survivorship policy) will be the lesser of:
. The Plan amount applied for to cover the Proposed Insured(s) under the
base life policy; or
. $500,000 plus the amount of any premium paid for coverage in excess
of $500,000; or
. If death is due to suicide, the amount of premium paid will be
refunded, and no death benefit will be paid.
4. Complete and sign this section:
Any misrepresentation contained in this Agreement or the Receipt and relied
on by the Company may be used to deny a claim or to void this Agreement.
The Company is not bound by any acts or statements that attempt to alter or
change the terms of this Agreement or the Receipt.
I, the Owner, have received and read this Agreement and the Receipt or they
were read to me and agree to be bound by the terms and conditions stated
herein.
Signature of Owner Date
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Signature of Primary Proposed Insured Date
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Signature of Other Proposed Insured (if applicable) Date
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Writing Agent Name (please print) Writing Agent #
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AGLC101431-2006 Page 2 of 2
